Warren Buffett believes in climate change and believes we need to make CO2 reductions, he just doesn’t like the way ACES does it. Bloomberg’s Eric Pooley takes a scalpel to Buffett’s arguments, saying the Oracle of Omaha doesn’t like the bill because his electric utility, MidAmerica Energy Holdings, made some bad business decisions and failed to anticipate CO2 regulations. (@russ_walker)

OK, just one on Palin’s op-ed. Conor Clarke, writing for Andrew Sullivan’s Daily Dish, notes the errors in Palin’s analysis of the bill, saying she displays an “ignorance for the subject so profound it’s almost gutsy.” As a side not, Clarke provides one of the better descriptions of cap-and-trade I’ve seen in awhile: “The point of cap and trade is to solve a problem of social cost: As an energy consumer, I am imposing a cost on society (pollution) that I do not take into account when I make the original decision to consume.” (@DailyClimate)

Lamar Alexander’s talking points on ACES are as followed: Climate change is real and we need to deal with it. We should deal with it by building 100 new nuclear power plants in the next 20 years and electrifying cars. Renewable like wind and solar will create mass energy sprawl and ruin our natural and scenic landscapes. (@ecowind)